Some of the best investing and personal finance articles from around the web.
Folly of forecasts, Big Short edition (The Big Picture). A good example of being spectacularly right — once. See also, How to get rich and famous from a stock market crash (Wall Street Journal).
You probably need less money than you think for retirement (A Wealth of Common Sense). “…there are millions of people who are woefully underprepared for retirement….Then there are those people who are prepared but cannot stop worrying about money enough to enjoy it.” See also, How Your Spending May Save Your Retirement.
How to tackle estate planning basics (Morningstar). A good reminder to get to this important task sooner than later, and a good guide for how to do so.
Not just for rich people: 6 ways we’re messing up inheritances (MarketWatch). Effective estate planning is about so much more than having the right documents in place.
Estate planning amid family estrangement: limiting the fallout (Kiplinger). If you’re going to leave different amounts to different heirs, it would be helpful to talk about it.
What Medicare misses (Humble Dollar). What’s covered by Medicare might be quite different than what’s covered by your current insurance.
Is good economic news really all that surprising? (TKer by Sam Ro). It’s hard to separate what’s actually happening in the economy with what’s being reported about the economy.
Investing is the study of human decision-making (The Big Picture). An important part of successful investing is having a solid understanding of the behavioral side.
Older Americans will spend 12 years living with disability or disease — why are we so unhealthy? (MarketWatch). The headline is a bit overblown, but the article makes a useful distinction between life expectancy and healthy life expectancy.
Financial superpowers (Humble Dollar). Some very profitable financial habits of mind and wallet.
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